HSBC Holdings plc made an announcement today in regards to its upper leadership. The announcement pertained to Noel Quinn, who has been appointed the Chief Executive Officer (CEO) of the Group, the appointment itself is effective immediately.
Doing So Well That HSBC Wants To Keep Him
When you get technical about things, Quinn had already held the position as CEO for a few months now at the banking group. However, this was only as an interim CEO, having done so after the departure of one John Flint.
Mark Tucker, the chairman of the group, was in charge of searching the globe for a new CEO. In relation to this choice, he gave a public statement. He stated that throughout these past few months, Noel had worked closely alongside the Board of the HSBC. This was in a bid to find consensus on the critical actions needed to build and enhance a sustainable level of performance.
He praised Quinn for his understanding of HSBC and the challenges it faces as a company, as well as grasping the great opportunities that lie before it. Lastly, Tucker wished Quinn the best when it comes to leading HSBC and taking it forward.
The Mandatory Kind Words
Noel Quinn himself gave a comment about the matter, giving his mandatory kind words. He explained that through leading the company in his interim position throughout these past few months, he had worked closely with Mark.
He stated that he enjoyed the experience working with him, 230,000 colleagues spread globally, as well as the Board itself. He praises HSBC, saying that it’s a global company of outstanding quality, consisting of talented, dedicated people who staff it.
Quinn pointed out that he still wanted to do more, and is confident that he will meet this challenge. Through doing so, he states that he will deliver results to customers, society at large, employees, and its shareholders.
A 32-Year Veteran
Noel had joined HSBC all the way back in 1987 and serves now as Interim CEO for the company after 32 years have been dedicated to it. His promotion to the position of CEO has yet to be finalized, however. He first needs to win the election that will occur during the next annual general meeting that the company will hold.
As it stands now, there is no reason to doubt over whether or not he’ll acquire the position. In recent news, HSBC had appointed James Forese as a non-Executive Director within its Board.